Enterprise Risk Management Technology Guide 2023/24

Barnett Waddingham - SIImplify

Type of System

  • Solvency II solution
  • Stress testing

Type of platform


Other features - does your offering facilitate

Solvency II standard formula

What are the typical implementation costs?

License costs are £10,000 - £15,000 per year per company

How long does your software take to implement on site?

Software is provided by a file transfer or by web-link and is available instantly. Typical set-up time is less than 1 day to link required data from sources

Please name companies that use the system/solution

SIIMPLIFY was used to calculate YE 2022 SCR figures for over 20 life and GI companies


SIIMPLIFY is a SCR calculation engine supported by actuaries – easy to set up and use, robust and great value!


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